FIL Ltd Reduces Holdings in Mirion Technologies, Inc. (NYSE:MIR)

FIL Ltd decreased its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 19.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,010,893 shares of the company’s stock after selling 500,000 shares during the quarter. FIL Ltd owned approximately 0.87% of Mirion Technologies worth $35,090,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MIR. FMR LLC boosted its position in Mirion Technologies by 258.4% during the third quarter. FMR LLC now owns 17,957 shares of the company’s stock worth $199,000 after purchasing an additional 12,947 shares during the period. State Street Corp lifted its stake in shares of Mirion Technologies by 2.7% during the 3rd quarter. State Street Corp now owns 5,365,728 shares of the company’s stock valued at $59,399,000 after buying an additional 138,648 shares in the last quarter. XTX Topco Ltd bought a new position in Mirion Technologies in the 3rd quarter worth approximately $303,000. Barclays PLC grew its stake in Mirion Technologies by 325.0% in the 3rd quarter. Barclays PLC now owns 307,680 shares of the company’s stock valued at $3,405,000 after buying an additional 235,288 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Mirion Technologies by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company’s stock valued at $49,851,000 after buying an additional 147,408 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. The Goldman Sachs Group raised their price target on Mirion Technologies from $16.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Robert W. Baird cut their target price on Mirion Technologies from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. Finally, Baird R W raised Mirion Technologies to a “strong-buy” rating in a report on Thursday, December 19th. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $18.75.

Mirion Technologies Trading Down 4.8 %

Shares of MIR opened at $13.60 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55. Mirion Technologies, Inc. has a 1-year low of $9.11 and a 1-year high of $18.81. The company has a market capitalization of $3.16 billion, a P/E ratio of -71.60 and a beta of 0.75. The firm’s 50 day simple moving average is $15.01 and its 200 day simple moving average is $15.40.

Mirion Technologies (NYSE:MIR) last announced its earnings results on Tuesday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Mirion Technologies had a negative net margin of 4.21% and a positive return on equity of 4.78%. Sell-side analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Mirion Technologies Profile

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.